As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …
The ISU Agency Network has added a Southeast regional office in Atlanta. The office will be lead by Gary Poisson, who will manage the development of the ISU network in 11 states from Virginia to Louisiana. Poisson has 25 years …
Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …
As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …
Stonetrust Commercial Insurance Co., a Louisiana-based workers’ compensation insurer, has added the following individuals to its management team: Dave Lorino has been named vice president of Claims for Stonetrust. Lorino, who has 24 years of claims experience, was most recently …
The administrator of BP Plc’s $20 billion compensation fund has paid $43 million to residents of the U.S Gulf Coast who agree not to sue the company for damages stemming from the nation’s worst offshore oil spill. The spill closed …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Fireman’s Fund Insurance Companies, which includes Novato, Calif.-based Fireman’s Fund Insurance Company and its intercompany …
A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from those claims. The early Christmas gift to …
The Board of Directors of Louisiana Workers’ Compensation Corporation (LWCC) has declared a 2010 dividend of $22.5 million, to be paid to qualifying policyholders in early 2011 upon authorization by the Louisiana Department of Insurance. Once distributed, this will bring …
Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a calamitous oil spill that blighted the …
